Union Jack Oil (LON:UJO) Shares Cross Below 200-Day Moving Average – Should You Sell?

Union Jack Oil plc (LON:UJO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.69 ($0.15) and traded as low as GBX 11.50 ($0.15). Union Jack Oil shares last traded at GBX 11.65 ($0.15), with a volume of 17,523 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Union Jack Oil in a research report on Tuesday, February 25th.

Union Jack Oil Stock Down 0.9 %

The business has a 50-day simple moving average of GBX 11.41 and a 200-day simple moving average of GBX 11.66. The stock has a market cap of £12.96 million, a P/E ratio of 12.04, a PEG ratio of 0.21 and a beta of 0.77.

About Union Jack Oil

Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom. The company focuses on production, drilling, development, and investment in hydrocarbon projects. It holds interests in the Wilzetta, West Newton, Wressle Discovery, Broughton North, Biscathorpe, Keddington Oilfield Louth, North Somercotes, Fiskerton Oilfield, North Kelsey, Dukes Wood, Kirklington, Widmerpool Gulf, Laughton, and Humber Basin projects.